Home > Uncategorized > AUDUSD 5 mins (-21pips)

AUDUSD 5 mins (-21pips)

First trade of the week.

Target 1.1000, trailing stop of 25. RBA announcement tomorrow morning. What will be in store? With the Aussie hitting all time highs, cash rate hike will probably be shelved till further notice.

ECB interest rate next big thing to look out for in the midst of the week.

Hopefully trading has resumed with all the holidays and all. Time to make some serious pips in pilot month 2.

Subsequent Updates

Hmm. I really can pick the losers eh. Word around is heavy profit taking around 1.1000 and speculating that RBA will cut 25bps from the cash rate.

Lookin at the chart above, the flip side is actually a successful trade. (Price rebounded off ema around 5-ish am).

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